SEZL vs VXZ: Correlation
Sezzle Inc. (SEZL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEZL and VXZ?
On 3 years of weekly data the SEZL/VXZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.28 over 3. The 5-year figure is n/a, and annualized covariance runs at -1007.6 %².
Out of 12 assets tracked against SEZL, VXZ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with SEZL ahead by 51.8 points (+35.7% versus -16.1%). Note the risk asymmetry: SEZL runs 5.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SEZL vs VXZ: side by side
| SEZL (Sezzle Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.7% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 139.3% | 25.6% |
| Beta vs S&P 500 | 3.39 | -1.31 |
| Max drawdown (3Y) | -90.0% | -36.4% |
| Market cap | $4.2B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEZL | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | +1146.6% | -12.7% |
| 2025 | +48.9% | +5.7% |
| 2026 | +98.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEZL and VXZ good diversifiers for each other?
Yes. With a correlation of -0.28, SEZL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SEZL and VXZ?
The SEZL/VXZ correlation stands at -0.28 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SEZL?
Yes. With a correlation of -0.28, SEZL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sezl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sezl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEZL correlations · VXZ correlations
